The first time a borrower makes a loan to the bank is called a new loan. If the loan expires, the company will repay the loan normally and apply for a loan to the bank again. This is also called a new loan. If the loan expires, the company can't repay the loan normally. If the bank proposes to borrow the second loan to repay the first loan, it will call the new one.

importance

High: “Credit”, that is, a credit loan, refers to a loan issued in the creditworthiness of the borrower, and the borrower does not need to provide a guarantee. It is characterized in that the debtor can obtain the loan only by virtue of his own credit without providing collateral or third-party guarantee, and the borrower's credit level is used as the repayment guarantee. This kind of credit loan is the main way of lending by banks in China for a long time. Due to the high risk of this type of loan, it is necessary to conduct a detailed inspection of the borrower's economic benefits, management level, and development prospects to reduce risks.

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